Texas Ranks “Best Business Climate” in 2012

Cowboy hats off to Texas for being ranked No. 1 “Best Business Climate” in Business Facilities Magazine’s 2012 State Rankings Report. Business Facilities Editor-in-Chief Jack Rogers says Texas has been ranked first or second in this flagship category for each of the past five years.

The evaluation is based on results in various categories including education environment, workforce training and availability, cost of labor, infrastructure, utility costs, credit rating and business tax climate. In addition, extra credit was awarded to states that have enacted and implemented business-friendly policies such as new incentives, an improved business tax climate, workforce training and low labor costs.

Recent success of economic development initiatives designed to attract and enhance new and expanding industry sectors plays a major role in the “Best Business Climate” designation. San Antonio is contributing to this leadership position on a state and national level through the many positive aspects of our local economy, including new energy initiatives, skilled workers and related job opportunities, a favorable tax environment, low costs of living and labor and growth across the city’s diverse industry sectors.